—“What would happen to the US economy if (scenario 1) the top 5% unleashed all their savings or (scenario 2) put away gradually more into savings?”—
I think others have answered this closely but I’ll try to add some precision:
*There are no such savings to be unleashed*. It’s already put to use, mostly in home and business real estate – providing home ownership that could not exist otherwise.
Why? Fiat currency inflation makes it impossible to save. You have to put your money to work just to try to preserve value. Why fiat currency inflation? Because we try to artificially increase employment by artificially stimulating consumption, by artificially discounting the price of credit, by artificially producing ‘money’ by simply debiting and crediting treasury and bank accounts.
The Cathedral (Academy – Media – State complex that replaced the military industrial complex ) quite intentionally misrepresent the fact that owning (controlling) money, is different from having (storing) it.
For the (a) voluntary organization of production, distribution, and trade, to evolve into (b) patterns (networks) of specialization and trade, and into (c) markets that provide continuous adaptation to demand, shocks, innovation, and continuously reduce prices money(wealth, capital) must be organized into a pareto distribution (20% of the population must control at least 80% of the capital), and within that pareto distribution’s 20% another pareto distribution, and so on. (Really, it has to be so. It’s just math and incentives.)
The reason goods get cheaper is that people at the top of any distribution (and at every level under it) seek signals. We can virtue signal (words), we can membership signal (dress), we can status signal (consumption).
People at the tops of distributions pay for research and development in signals, that then decrease in cost and increase in ownership. Hence why Gucci bags, and Ferrari’s (neither of which are expensive to produce) are so expensive: to make them scarce, and therefore to preserve their signal value. (Hence why iphones can be so profitable for apple: signal value.)
Because really, all we all do is chase status signals like mice, hamsters, rats , and squirrels, in the squirrel cage wheel.
The greatest subconscious fear of humans is ‘being left behind’.
Hence: status signals.
Source: Original Site Post
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Retweeted Outsideness (@Outsideness): “I want freedom.” “I want equality.” — So
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Retweeted Kevin MacDonald (@TOOEdit): This makes clear the legal basis for Jared
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—“Leftism is a totalitarian force. Wherever leftism is in a position of power it tends to invade every private corner and force every thought into a leftist mold. In part this is because of the quasi-religious character of leftism; everything contrary to leftist beliefs represents Sin. That is, the leftist’s real motive is not to attain the ostensible goals of leftism; in reality he is motivated by the sense of power he gets from struggling for and then reaching a social goal. Consequently the leftist is never satisfied with the goals he has already attained; his need for the power process leads him always to pursue some new goal. The leftist wants equal opportunities for minorities. When that is attained he insists on statistical equality of achievement by minorities. And as long as anyone harbors in some corner of his mind a negative attitude toward some minority, the leftist has to re-educated him. And ethnic minorities are not enough; no one can be allowed to have a negative attitude toward homosexuals, disabled people, fat people, old people, ugly people, and on and on and on. It’s not enough that the public should be informed about the hazards of smoking; a warning has to be stamped on every package of cigarettes. Then cigarette advertising has to be restricted if not banned. The activists will never be satisfied until tobacco is outlawed, and after that it will be alcohol, then junk food, etc. Activists have fought gross child abuse, which is reasonable. But now they want to stop all spanking. When they have done that they will want to ban something else they consider unwholesome, then another thing and then another. They will never be satisfied until they have complete control over all child rearing practices. And then they will move on to another cause.”— -
by James Santagata Socio-Political Insight… If one follows the Propertarian ar
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